Cholamandalam Investment Q2 net profit rises 41% on strong income growth, plans Rs 5000 crore capital raise
60-Word AI Digest
Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses. The company’s board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.
Key Takeaways
- Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses.
- The company’s board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.
- Full details and original dispatch available below.
Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses. The company’s board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.
Original Publisher Attribution
This summary was curated from Economic Times.